malta sliema

Malta’s real GDP growth in 2023 is expected to 3.8 per cent, according to the International Monetary Fund (IMF), which on Tuesday released a wide ranging publication looking at key indicators of country’s around the globe.

The rate of growth as established in October’s edition of the World Economic Outlook marks out Malta as having the highest growth rate in Europe. Malta is also set to retain its position next year, despite a downward revision in GDP growth to 3.3 per cent.

In its previous update, the IMF predicted a growth rate of 3.5 per cent in both 2023 and 2024.

Unemployment is also expected to remain close to negligible, increasing marginally from 2.9 per cent in 2022 to 3.1 and 3.2 per cent.

Taking to X (formerly known as Twitter) to share the news, Prime Minister Robert Abela welcomed Malta’s positive forecast.

Prime Minister Robert Abela welcomed the IMF forecasts, which placed Malta as “the fastest growing EU economy this year and the next, with the lowest unemployment rate in both years”.

He noted that this comes despite “weakening international conditions”.

‘Malta is recognising the importance of family businesses in the economy’ – Dr Joseph Gerada

December 7, 2023
by Sarah Muscat Azzopardi

Since its inception, the Family Business Office has been instrumental in highlighting the needs of family-run enterprises in Malta.

MIA registers more than half a million passengers in November, marking an increase of 7.2% over 2019

December 7, 2023
by BN Writer

Seat Load Factor also stood strong during the period, with an increase of 6.8% when compared to 2019

Enemalta issues call for tender for new Naxxar distribution centre, fast-tracks 70km cable-laying plan

December 7, 2023
by Anthea Cachia

During the last few months, Enemalta continued its efforts as part of its six-year plan